PKO Investment Management Joint Stock Co Acquires Shares of 47,000 Mondelez International, Inc. $MDLZ

PKO Investment Management Joint Stock Co acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 47,000 shares of the company’s stock, valued at approximately $3,170,000.

A number of other hedge funds have also bought and sold shares of MDLZ. Canopy Partners LLC grew its holdings in shares of Mondelez International by 20.7% in the first quarter. Canopy Partners LLC now owns 16,800 shares of the company’s stock worth $1,140,000 after purchasing an additional 2,876 shares during the last quarter. TCW Group Inc. lifted its stake in Mondelez International by 1.1% in the first quarter. TCW Group Inc. now owns 98,444 shares of the company’s stock worth $6,679,000 after acquiring an additional 1,075 shares during the period. CORDA Investment Management LLC. lifted its stake in Mondelez International by 1.5% in the first quarter. CORDA Investment Management LLC. now owns 573,612 shares of the company’s stock worth $38,920,000 after acquiring an additional 8,456 shares during the period. Ground Swell Capital LLC purchased a new stake in Mondelez International in the first quarter worth about $392,000. Finally, Golden State Equity Partners purchased a new stake in Mondelez International in the first quarter worth about $316,000. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on MDLZ. Piper Sandler upped their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. UBS Group lowered their price target on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Wells Fargo & Company lowered their price target on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and raised their price target for the company from $66.00 to $78.00 in a report on Thursday, July 17th. Finally, Dbs Bank upgraded shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $70.22.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $60.77 on Friday. The stock has a market capitalization of $78.63 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 5.46 and a beta of 0.45. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $71.15. The firm’s 50 day simple moving average is $62.22 and its 200-day simple moving average is $65.11. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The firm had revenue of $7.30 billion for the quarter. Analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were issued a $0.50 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date was Tuesday, September 30th. This represents a $2.00 annualized dividend and a yield of 3.3%. Mondelez International’s payout ratio is presently 73.26%.

Mondelez International Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.